Posted on 08/20/2012 12:58:40 PM PDT by Kaslin
Was Solidad in labor long when she had that cow?
If you’re friend honestly thinks that then he isn’t extremely bright; unless by extremely bright you mean slightly brighter than a very dim bulb.
The taking of capital from productive elements of an economy and injecting it into non-productive (or less productive) operations doesn't work in any economy.
In fact, the stimulus damaged our economy.
You might mention to your extremely bright friend that Europe and Japan spent more on Stimulus than the U.S., but that their economies are showing no chance of the recovery that the U.S. promises.
Fracking. That’s the difference. Japan and Europe can’t frack for oil and gas. The U.S. can.
...and that is what is saving the U.S. from Japan’s fate.
Simple answer - “prove it”
“Does she sound as stupid as these quotes, or is it even worse?”
Worse. I’d describe her delivery as defiantly indignant stupidity.
I don’t think 0bama would enjoy such treatment from a female.
bttt
However, cannibalizing companies that other countries funded with tax dollars can't help but help their economy.
Maybe she should read something besides DemocratUnderground for her information....
Like CNN Money, for instance...
Why the Fed’s stimulus ‘didn’t work’
Start with fiscal policy. After the recession began, Presidents Bush and Obama felt a need to “do something.” Their approaches differed, but both chose classic Keynesian stimulus policies.
It didn’t work. My own research showed Bush’s temporary tax rebate in 2008 had no discernible effect on the economy. Nor did Obama’s $800 billion stimulus plan in 2009, which included tax rebates, increased federal spending, and grants to states for infrastructure projects.
The stimulus increased the federal debt burden and created uncertainty about what was next for taxpayers.
Unpredictable economic policy — short-term stimulus packages, temporary tax rebates, and stop-and-go monetary policy — is the main cause of our abysmal recovery. Economic growth has averaged 2.4%, compared with 5.9% after the most recent severe recession, from 1981 to 1982.
http://money.cnn.com/2012/08/02/news/economy/fed-stimulus-john-taylor.moneymag/index.htm
Why The Monetary Stimulus Didn’t Work
http://www.forbes.com/sites/realspin/2011/08/25/why-the-monetary-stimulus-didnt-work/
Cuter than Wolf BlitzerMeaner than Piers Morgan
More catty than Anderson Cooper
Dumber than a sack of hammers
July 24, 2011
Why the Stimulus Didn’t Work
Paul Krugman leads the charge on the left. In a column on Friday, he declared, without irony: “Everything might still have been okay if other major economic players had stepped up their spending, filling the gap left by the housing plunge and the consumer pullback. But nobody did.”
Really?
Here are the unvarnished numbers, courtesy of economist Lacy Hunt: “In the three years 2009, 2010, 2011, US federal spending was an astounding $2.2 trillion more than in the three years ending 2008.”
Why didn’t the massive federal stimulus work, and why is it the last thing we need more of in the summer of 2011? Hunt, long one of the best economic forecasters on the Street, puts it succinctly: “In the broadest sense, monetary and fiscal policies have failed because government financial transactions are not the key to prosperity. Instead, the economic well-being of a country is determined by the creativity, inventiveness and hard work of its households and individuals.”
LOL She wears a lot of makeup.
The recession was over before the first stimulus dollar hit the street.
Recession ended june 2009
Recovery begins Jan 2013
The "Stimulus" did create jobs. By definition, spending $800B creates jobs. The problem is that the Stimulus killed far more jobs than it created. Knowing that the government is going to spend massive amounts of future tax dollars, which means there will be future increases in tax rates, reduces the incentives to invest. Particularly in rough economic times, the resulting decision is to delay expansion. Stimulus is directly responsible for the agonizingly slow recovery since the recession officially ended.
As for ObamaCare, when the far left added that huge additional expense to new hires, they again made expansion far less desirable. In this case, it will be a permanent damper on jobs, making 9% or more unemployment the new normal unless that terrible law is repealed.
Soldherdad O’Brien? CNN?
How the $800B stimulus failed
From his new book, “Money Well Spent?” reporter Michael Grabell explains how bad planning and poor choices doomed the largest economic recovery program in history
By MICHAEL GRABELL
January 29, 2012
A relatively small pot of education grants goaded 32 states to enact major reforms, such as tying teacher pay to student performance or lifting caps on charter schools. When the last dime is spent, more than 41,000 miles of roads will be paved, widened and improved; 600,000 low-income homes weatherized; and more than 3,000 rural schools connected to high-speed Internet.
But despite these achievements, the stimulus ultimately failed to do what America expected it to do — bring about a strong, sustainable recovery. The drop kick was shanked.
The White House’s economists, like nearly every forecaster, misread the recession. The state assistance wasn’t enough to plug the budget holes and, in many cases, the school aid merely delayed rather than prevented teacher layoffs. Infrastructure projects took months longer to break ground than the public had been led to believe.
One of the biggest problems was that so much of the stimulus was invisible. More than half of the package was in tax cuts and safety net programs.
The largest single item was a $116 billion tax credit for the middle class. Yet rather than handing out checks, as other presidents had done, Obama dribbled it out in paychecks at about $10 a week. The economic team believed that people were more likely to spend it if it felt like an increase in income rather than a bonus.
Even as the stimulus was pumping hundreds of billions of dollars into the economy in its first year, it appeared as if nothing was happening. The jobless rate skyrocketed, easily exceeding the poorly conceived chart Obama’s economic advisers had put together, showing that unemployment would never breach 8%.
Congress tried to make the stimulus a cure-all. There was money for every one of society’s ills, from cancer to cogongrass, from ailing infrastructure like bridges and rails to invasive species like Asian carp and Russian olive trees.
In Michigan, human services officials estimated that 90% of the homes in line for weatherization work would need a historic preservation review. But as of late fall 2009, the office responsible had only two employees.
Public transit advocates expected a windfall for bus companies like New Flyer in St. Cloud, Minn. But the transit money took longer to get out the door because every grant had to be reviewed by the Labor Department to ensure that it wouldn’t have a negative impact on transit unions. And when the Chicago Transit Authority postponed an order because it couldn’t secure state funding, New Flyer announced that it would lay off employees rather than hire more.
By the end of July 2009, only 20% of highway projects had started, according to DOT data. More and more, it appeared that what “shovel ready” really meant was ready for politicians to pose with a shovel for a photo op.
“An extremely bright friend of mind tries to tell me that Obama saved the economy.......it would have been the end of US without his mega spending.”
Your extremely bright friend should thank me for my Elephant Repellant Project. It’s saved America from being crushed by rampaging herds of elephants.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
